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20120902
20120902
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for gremine, did you ever dream that you'd be working with poor people in the united states of america? >> no. i think the world's biggest, richest country of the world. and the formula we developed that is the poorest country of the world. >> the united states is a country that everyone thinks has money, doesn't have any poor people. we have more than 45 million people living in poverty in the united states. >> and he says it takes much more than financing to help them break out of it. business counselling, keeping the books, paying bills, even opening savings accounts, which is required of borrowers. even that is often not enough. joe salvaggio, a former catholic priest who's worked for decades with poor people, says many who would be entrepreneurs fail because their finances are precarious. >> if they got sick or their kids got sick or the landlord, there was a storm and they got some physical damage or something. setbacks happen to people. so often they don't have one time to get a check to somebody, she put it in the bank and she had so many bank overdrafts that it ate up almost the whol
Search Results 0 to 0 of about 1